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Assessing contagion risks from the CDS market
Brunnermeier, Markus; Clerc, Laurent; El Omari, Yanis; … - 2013
of contagion: systemic risk rankings based on market price estimates (e.g. CoVaR) are compared with the rankings obtained …
Persistent link: https://www.econbiz.de/10011984875
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Network analysis of the EU insurance sector
Alves, Ivan; Brinkhoff, Jeroen; Georgiev, Stanislav; … - 2015
holdings of debt, equity and other financial instruments. These exposures can cause direct contagion and thereby the spread of …
Persistent link: https://www.econbiz.de/10011984878
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Indirect contagion: the policy problem
Clerc, Laurent; Giovannini, Alberto; Langfield, Sam; … - 2016
possible channel of contagion from the infected region to the rest of the world. Focusing on, say, the incidence of close human … can become big and global. Much of the empirical finance literature has focused only on "direct" contagion arising from … firms' contractual obligations. Direct contagion occurs if one firm's default on its contractual obligations triggers …
Persistent link: https://www.econbiz.de/10011984880
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Uncertainty and economic performance in the West African Monetary Zone (WAMZ): A fixed effect panel threshold approach
Egbuna, Ngozi Eunice; John-Sowe, Maimuna; Mohammed, Dauda; … - 2020
Concerns about the impact of the general global uncertainty on economic performance have dominated academic debate in the aftermath of the Global Financial Crisis leading to huge body of empirical studies on ways of measuring and quantifying countries uncertainty and its impact on GDP,...
Persistent link: https://www.econbiz.de/10013362889
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Advancements in stress-testing methodologies for financial stability applications
Budnik, Katarzyna; Marques, Aurea Ponte; Ben Hadj, … - 2024
This paper provides an overview of stress-testing methodologies in Europe, with a focus on the advancements made by the European Central Bank's Financial Stability Committee Working Group on Stress Testing (WGST). Over a four-year period, the WGST played a pivotal role in refining stress-testing...
Persistent link: https://www.econbiz.de/10014565176
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Securities clearing and settlement in China: markets, infrastructures and policy-making
Hess, Patrick - 2010
China is taking a more active role on the world stage, even more so since its rapid and strong recovery from the global recession. In the financial realm this expansion is underpinned by a strategy to build strong and competitive capital markets at home. In order to achieve this goal,...
Persistent link: https://www.econbiz.de/10011606268
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The international monetary system after the financial crisis
Dorrucci, Ettore; McKay, Julie - 2011
The main strength of today’s international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...
Persistent link: https://www.econbiz.de/10011606275
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Pattern, Determinants and Dynamics of Austrian Service Exports - A Firmlevel Analysis
Wolfmayr, Yvonne; Christen, Elisabeth; Pfaffermayr, Michael - 2013
Most firm-level research on the characteristics and strategies of globalized firms focuses on manufacturing industries while firm-level evidence on trade in services is still rare and has just recently begun to emerge. This study uses an unique dataset of Austrian service exporting firms over a...
Persistent link: https://www.econbiz.de/10011345642
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The potential contribution of innovation systems to socio-ecological transition
Licht, Georg; Peters, Bettina; Köhler, Christian; … - 2014
European countries are currently faced with a variety of challenges, ranging from the new global distribution of economic activity, the diffusion of new, radical technologies to the aging of its population, youth unemployment and the aftermath of the economic and financial crisis. These...
Persistent link: https://www.econbiz.de/10011410761
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What is Happening to Growth in Europe?
Dobrinsky, Rumen - 2013
The paper undertakes an empirical analytical assessment of some of the determinants of economic growth in the EU during the past decade, with a specific focus on the Central and Eastern European (CEE) members of the EU. The methodology is based on a combination of different statistical methods...
Persistent link: https://www.econbiz.de/10012100121